{"data":{"id":"us-sd/sdcl-54-6a-9","jurisdiction":"us-sd","citation":"SDCL § 54-6A-9","heading":"Renegotiation for new agreement--Extensions.","body":"A renegotiation shall occur when an existing lease-purchase agreement is satisfied and replaced by a new agreement undertaken by the same lessor and consumer. A renegotiation shall be considered a new agreement requiring new disclosures. However, the following events may not be treated as renegotiations:\n(1) The addition or return of property in a multiple-item agreement or in the substitution of the lease property, if in either case the average payment allocable to a payment period is not changed by more than twenty-five percent;\n(2) A deferral or extension of one or more periodic payments, or portions of a periodic payment;\n(3) A reduction in charges in the lease or agreement; and\n(4) A lease or agreement involved in a court proceeding.\nNo disclosures are required for any extension of a lease-purchase agreement.","path":["TITLE 54. DEBTOR AND CREDITOR","CHAPTER 54-6A. LEASE-PURCHASE AGREEMENTS FOR PERSONAL PROPERTY"],"source_url":"https://sdlegislature.gov/Statutes/54-6A-9","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"cfe316ac18c9e27b8942948cd5ffe656aa11b3fe411264e4b291bf87b65cb242","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-54-6a-8","next":"us-sd/sdcl-54-6a-10"},"notice":"GroundRules: Original legal text. Not legal advice."}